In a statement posted on Anbang's website on Friday, the company said it has been victimized by slanderous and groundless claims on the Internet. The company said it is considering legal action. It has likewise denied receiving a loan from CMBC.

As of Thursday, Anbang Life had 207.8 billion yuan in cash reserves, and 322.6 billion yuan at Anbang Property Insurance, according to the statement. Anbang Insurance's spokesman also denied that the company has a liquidity shortage of more than 20 billion yuan, as media had reported.